Capital Group Core Plus Income ETF (NYSEARCA:CGCP) Sees Large Volume Increase – Here’s Why

Capital Group Core Plus Income ETF (NYSEARCA:CGCP) shares saw unusually-high trading volume on Thursday . Approximately 2,484,489 shares changed hands during trading, an increase of 98% from the previous session’s volume of 1,256,669 shares.The stock last traded at $22.21 and had previously closed at $22.16.

Capital Group Core Plus Income ETF Trading Up 0.2 %

The company has a fifty day simple moving average of $22.38 and a two-hundred day simple moving average of $22.65.

Capital Group Core Plus Income ETF Increases Dividend

The company also recently announced a dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 29th were paid a dividend of $0.0859 per share. This is a positive change from Capital Group Core Plus Income ETF’s previous dividend of $0.08. The ex-dividend date of this dividend was Friday, November 29th.

Institutional Investors Weigh In On Capital Group Core Plus Income ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Oppenheimer & Co. Inc. raised its position in shares of Capital Group Core Plus Income ETF by 35.5% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 74,602 shares of the company’s stock worth $1,658,000 after acquiring an additional 19,535 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in Capital Group Core Plus Income ETF by 44.0% during the second quarter. Envestnet Asset Management Inc. now owns 3,210,622 shares of the company’s stock worth $71,340,000 after purchasing an additional 981,628 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in Capital Group Core Plus Income ETF during the second quarter worth approximately $1,207,000. Carolinas Wealth Consulting LLC lifted its position in shares of Capital Group Core Plus Income ETF by 3.2% during the 2nd quarter. Carolinas Wealth Consulting LLC now owns 26,179 shares of the company’s stock worth $584,000 after buying an additional 801 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Capital Group Core Plus Income ETF by 26.6% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 183,601 shares of the company’s stock valued at $4,080,000 after buying an additional 38,554 shares in the last quarter.

About Capital Group Core Plus Income ETF

The Capital Group Core Plus Income ETF (CGCP) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund actively invests in bonds and other debt securities issued by corporate and government entities from around the globe, with no limitations regarding credit ratings and maturities.